A 127% surge in vehicle test drives during January suggests that demand remains buoyant and car buyers are “willing to wait for what they want”, according to iTrackLEADS.
New terms on buy-now-pay-later (BNPL) finance products introduced by the Financial Conduct Authority (FCA) have resulted in late payment fees being refunded to customers.
The consumer car finance market grew 2% by volume and 13% by value in December to complete a 2021 “rebound” despite the headwinds of COVID-19 and vehicle supply shortages.
Could Constellation Automotive's move into the franchised car retail sector be a 'catalyst' for the sector's accelerated shift to agency retail models?
Used car retailers rallied against three months of COVID-enforced dealership closures and vehicle supply shortages to deliver annual sales up 11.5% year-on-year in 2021.
Used car buyers have been told they must “get used to a significantly older profile of vehicle” as supply shortages look set to continue into 2023.
Putting people first holds the key to success with the car retail agency model.
Offering car buyers the ability to buy a car in minutes online is expected to be one of six key trends dealers must embrace in 2022.
More than one-in-five nearly new used cars advertised via Auto Trader are now priced above their brand-new equivalents after a further 31.3% year-on-year rise in values during January.
Audi, Hyundai, Peugeot and Toyota were among the best new car registrations performers as Kia accelerated its sales to finish the first month of 2022 as the UK's best-selling brand.
2022 is off to a positive start, says the Society of Motor Manufacturers and Traders, which published data showing 115,087 new cars were registered in January, including 62,300 dealership sales to private buyers.
Used car buyers are less interested in fuel economy, despite rising pump prices, according to BuyaCar.
Used car stock levels and prices have remained stable in January, following a year of unprecedented growth.
Volkswagen Finance Services UK boss Mike Todd shares his thoughts on 2022's vehicle and motor finance markets.
Cox Automotive has published a prediction that new car registrations will increase by 14.1% this year.
Lookers chief executive Mark Raban has told AM that his group is poised to “try something different” following its history of growth through acquisition.
Paragon Bank’s Motor Finance managing director Julian Rance has suggested that used car values will remain robust for "three to four years" as elelctric vehicles (EV) start to dominate registrations.
Soaring energy costs could lead to increases in the price of new cars with elelctric vehicles (EV) facing a price rise 'double whammy', SMMT chief executive Mike Hawes has warned.
UK car production in 2021 fell 6.7% to only 859,575 units, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT), the worst total since 1956.
Bentley’s first-ever electric vehicle (EV) will be developed and built in the UK with the company committing to investing £2.5 billion in sustainability over the next ten years.
